Cerity Partners LLC Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cerity Partners LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 25.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 324,705 shares of the semiconductor company's stock after buying an additional 66,051 shares during the period. Cerity Partners LLC's holdings in Texas Instruments were worth $55,349,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TXN. Salem Investment Counselors Inc. grew its position in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company's stock worth $77,000 after acquiring an additional 60 shares during the last quarter. International Assets Investment Management LLC grew its position in Texas Instruments by 2.8% during the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company's stock worth $416,000 after acquiring an additional 61 shares during the last quarter. Polar Capital Holdings Plc grew its position in Texas Instruments by 0.6% during the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company's stock worth $1,802,000 after acquiring an additional 63 shares during the last quarter. Abacus Planning Group Inc. grew its position in Texas Instruments by 3.7% during the 3rd quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company's stock worth $285,000 after acquiring an additional 64 shares during the last quarter. Finally, Riverview Trust Co grew its position in Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Texas Instruments Stock Down 2.8 %

Shares of TXN stock traded down $4.87 during trading hours on Friday, reaching $166.33. The company had a trading volume of 5,472,234 shares, compared to its average volume of 5,524,484. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The business has a fifty day simple moving average of $167.61 and a 200-day simple moving average of $161.52. The company has a market cap of $151.37 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 3.63 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company earned $2.13 earnings per share. The company's revenue for the quarter was down 12.7% on a year-over-year basis. On average, research analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $5.20 dividend on an annualized basis and a yield of 3.13%. Texas Instruments's dividend payout ratio (DPR) is currently 73.65%.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on TXN shares. Mizuho reduced their price target on Texas Instruments from $170.00 to $164.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 24th. UBS Group upgraded Texas Instruments from a "neutral" rating to a "buy" rating and upped their price target for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Cantor Fitzgerald upped their price target on Texas Instruments from $170.00 to $180.00 and gave the company a "neutral" rating in a research report on Monday. Morgan Stanley upped their price target on Texas Instruments from $138.00 to $146.00 and gave the company an "underweight" rating in a research report on Wednesday, January 24th. Finally, Truist Financial reduced their price target on Texas Instruments from $166.00 to $165.00 and set a "hold" rating on the stock in a research report on Friday, February 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $174.42.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.